Merck & Co sees value in novel prostate cancer drug | Pharmaceuticals | The Pharmaletter
![Merck & Co sees value in novel prostate cancer drug | Pharmaceuticals | The Pharmaletter Merck & Co sees value in novel prostate cancer drug | Pharmaceuticals | The Pharmaletter](https://cdn.thepharmaletter.com/convert/files/2024/04/b560f0f0-0152-11ef-a588-e798d47e404e-biotech_lab_research_vial_big.jpg/r%5Bwidth%5D=1280/b560f0f0-0152-11ef-a588-e798d47e404e-biotech_lab_research_vial_big.jpg)
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A joint development agreement between Finland’s Orion Corporation (HEL: ORNAV) and Merck & Co (NYSE: MRK) has been expanded to an exclusive worldwide license agreement.
The two companies are collaborating on the development of opevesostat, an experimental CYP11A1 inhibitor for the treatment of hormone-dependent cancers such as prostate cancer.
Liisa Hurme, President and CEO of Orion, emphasized the strategic benefits of the new agreement.
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